Abstract
This chapter explores the concept of ‘social value’ from the perspectives of both social entrepreneurs and the beneficiaries. All social entrepreneurs see ‘social value creation’ in bringing social change or creating social impact (long term impact)/outcomes (immediate or short term impact), while addressing social problems/issues/needs. This social change or social impact/outcome includes a wide range of social impacts, starting from creating awareness, empowering beneficiaries, bringing about changes in behaviour, attitude, perception, norms and institutions, to create socio-economic benefits for the beneficiaries and impact their lives at the institutional, individual, community, state, national and in some cases, the international level. Social entrepreneurs create value not only for the poor and marginalised people, but also for the affluent sections of the society. Beneficiaries perceive ‘value’ in getting various kinds of benefits created by social entrepreneurs for them, and in various positive changes and impacts (direct and indirect) in their lives brought in because of these benefits. Chapter 4 provided a brief description of each case included in the study. This chapter would first present an understanding of ‘social value’ from the perspectives of both social entrepreneurs and beneficiaries.
Notes
- 1.
‘Mandi’ refers to a local market.
- 2.
‘Kattha’ is one of the units for the measurement of land in India. In the Indian state of Bihar, one Kattha may vary from 750 to 2000 sq. ft. near the capital, Patna, 1 Kattha is equivalent to 1361 sq. ft. (126.44 m2).
- 3.
One ‘Bigaha’ consists of 20 Kattha, near the capital, Patna.
References
Alvord SH, Brown LD, Letts CW (2004) Social entrepreneurship and societal transformation: an exploratory study. J Appl Behav Sci 40(3):260–282
Ansari S, Munir K, Gregg T (2012) Impact at the ‘Bottom of the Pyramid’: the role of social capital in capability development and community empowerment. J Manag Stud 49(4):813–842
Blundel R, Lyon F, Spence LJ (2011) Analysing the growth process in social enterprises: an historical perspective. Paper presented at the 3rd EMES International Research Conference on Social Enterprise, Roskilde (Denmark), 4–7 July. http://oro.open.ac.uk/29521/1/. Accessed 07 Feb 2013
Dees JG (2001) Social entrepreneurship: mobilising resources for success. http://www.tgci.com/magazine/Social%20Entrepreneurship.pdf. Accessed 10 Oct 2011
Dees JG (2007) Taking social entrepreneurship seriously. Society 44(3):24–31
Dorado S (2006) Social entrepreneurial ventures: different values so different process of creation, no? J Develop Entrep 11(4):319–343
Fligstein N (1997) Social skills and institutional theory. Am Behav Sci 40(4):397–405
Lepak DP, Smith KG, Taylor MS (2007) Value creation and value capture: a multilevel perspective. Acad Manag Rev 32(1):180–194
Mann RS (1987) Social change and social research. Concept Publishing Company, New Delhi
Phills JA, Deiglmeier K, Miller DT (2008) Rediscovering social innovation. Stanf Social Innov Rev 6(4):34–43
Seelos C, Mair J (2005) Sustainable development: how social entrepreneurs make it happen. Working Paper No. 611, IESE Business School, University of Navarra, Spain. http://www.iese.edu/research/pdfs/DI-0611-E.pdf. Accessed 19 July 2011
Thompson J (2002) The world of the social entrepreneur. Int J Public Sector Manag 15(5):412–431
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2016 Springer India
About this chapter
Cite this chapter
Singh, A. (2016). The Concepts of ‘Social Value Creation’ and ‘Social Value’. In: The Process of Social Value Creation. Contributions to Economics. Springer, New Delhi. https://doi.org/10.1007/978-81-322-2827-1_5
Download citation
DOI: https://doi.org/10.1007/978-81-322-2827-1_5
Published:
Publisher Name: Springer, New Delhi
Print ISBN: 978-81-322-2825-7
Online ISBN: 978-81-322-2827-1
eBook Packages: Business and ManagementBusiness and Management (R0)